Currency Converter
Convert between 50+ world currencies with real-time exchange rate estimates. Compare rates and see popular conversions instantly.
Convert Currency
$100.00 USD
€92.00
EUR
1 USD =
0.9200 EUR
1 EUR =
1.0870 USD
Quick Conversions from USD
Exchange rates are approximate and for informational purposes only. Rates are updated periodically and may differ from actual market rates. For financial transactions, please verify current rates with your bank or exchange service.
Understanding Currency Exchange
How Exchange Rates Work
Exchange rates represent the value of one currency relative to another. When you convert USD to EUR, the exchange rate tells you how many Euros you'll receive for each Dollar. Rates fluctuate constantly based on economic factors, interest rates, and market sentiment.
The rates shown are approximate mid-market rates. Banks and exchange services typically add a margin (spread) to these rates, meaning you'll receive slightly less when buying foreign currency.
Major World Currencies
- USD - US Dollar (World reserve currency)
- EUR - Euro (20 EU countries)
- GBP - British Pound Sterling
- JPY - Japanese Yen
- CHF - Swiss Franc (Safe haven)
- CNY - Chinese Yuan Renminbi
- CAD - Canadian Dollar
- AUD - Australian Dollar
Currency Symbols & ISO Codes
Americas
- $ - USD, CAD, MXN, ARS, CLP, COP
- R$ - BRL (Brazilian Real)
- NT$ - TWD (Taiwan Dollar)
Europe
- € - EUR (Euro)
- £ - GBP (British Pound)
- CHF - Swiss Franc
- kr - NOK, SEK, DKK (Nordic)
- zł - PLN (Polish Złoty)
Asia & Pacific
- ¥ - JPY, CNY (Yen/Yuan)
- ₹ - INR (Indian Rupee)
- ₩ - KRW (Korean Won)
- ฿ - THB (Thai Baht)
- ₱ - PHP (Philippine Peso)
Tips for Currency Exchange
Best Practices
- ✓Compare rates from multiple sources before exchanging
- ✓Use bank ATMs abroad for better rates than exchange bureaus
- ✓Pay in local currency when given the choice abroad
- ✓Check for no-foreign-transaction-fee credit cards
Avoid These Mistakes
- ✗Airport exchange bureaus (highest fees)
- ✗Accepting "0% commission" offers (hidden in rate)
- ✗Dynamic currency conversion at point of sale
- ✗Waiting until last minute to exchange
Understanding Bid/Ask Spread
The "spread" is the difference between the buying price (bid) and selling price (ask) of a currency. This is how banks and exchange services make money. A typical spread for major currencies is 1-3%, but can be 5-10% at airports or tourist areas.
Online Banks
0.5% - 1.5%
Traditional Banks
2% - 4%
Airport Exchanges
5% - 12%
Factors Affecting Exchange Rates
Economic Indicators
GDP growth, inflation rates, unemployment figures, and trade balance all influence currency strength. Strong economies typically have stronger currencies.
Interest Rates
Higher interest rates attract foreign investment, increasing demand for the local currency. Central bank policies directly impact exchange rates.
Political Stability
Political uncertainty, elections, and geopolitical events can cause currency volatility. Safe-haven currencies (USD, CHF, JPY) often strengthen during global uncertainty.
Market Sentiment
Trader expectations and speculation can move currencies in the short term. News events and economic announcements often trigger immediate rate changes.
Frequently Asked Questions
How often do exchange rates change?
In the forex market, rates change every second during trading hours. The rates shown here are approximate and updated periodically. For large transactions, always check real-time rates.
What is the best currency to travel with?
US Dollars and Euros are widely accepted globally. However, exchanging to local currency at your destination often gives better rates. Some countries require their local currency for most transactions.
Why do I get less than the displayed rate?
The rates shown are mid-market rates (the midpoint between buy and sell). Exchange services add a margin to profit from the transaction. Always compare the final amount you'll receive, not just the displayed rate.